FHA Loan Specialists in Des Moines, IA
Browse fha loan specialists serving Des Moines, Iowa. Contact information and addresses listed below.
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the
State Mortgage Licensing Authority of Iowa before hiring.
Showing 8 fha loan specialists in Des Moines, IA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
An FHA loan specialist in Des Moines can guide you through the process of obtaining a Federal Housing Administration insured mortgage. Iowa law requires all mortgage loan originators to be licensed through the Iowa Division of Banking. Local specialists understand Des Moines housing market conditions and can help you meet FHA property requirements for homes in Polk County.
What Does a FHA Loan Specialist in Des Moines Cost?
Typical costs for an FHA loan specialist in Des Moines include an origination fee of 1 percent of the loan amount and an upfront mortgage insurance premium of 1.75 percent of the base loan amount. Annual mortgage insurance premiums range from 0.45 to 1.05 percent of the loan balance. Closing costs in Iowa generally total 2 to 5 percent of the purchase price. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What does an FHA loan specialist in Des Moines do?
An FHA loan specialist helps you apply for an FHA insured mortgage. They review your credit, income, and property details to ensure you meet FHA guidelines. They also explain Iowa specific rules such as the state required disclosures for mortgage loans.
Are there income limits for FHA loans in Des Moines?
Yes, FHA loans have income limits that vary by county. In Polk County Iowa the 2024 income limit for a one unit property is typically around $96,550 for a low income designation. Your specialist can confirm the current limits for your situation.
What is the minimum down payment for an FHA loan in Iowa?
The minimum down payment for an FHA loan is 3.5 percent of the purchase price if your credit score is 580 or higher. Iowa law does not add extra down payment requirements beyond federal FHA rules. Your specialist can help you calculate the exact amount needed.